ES Journal Archive (2006 - 2008)

[pulsescan]

Quote from newguy05:

how many resistence did we blow through today?

Answer: none. R1 @ 1174.85

 

[pulsescan]

Quote from newguy05:

does anyone know why the news keep saying the vote is on thursday? I thought today is the jewish holiday and tomorrow (wed) is when they will vote in the senate.

CNBC just reported that this is true. Tomorrow will be it.
However the vote is on Thursday evening.

 

[ammo]

Quote from newguy05:

does anyone know why noone is factoring in wed (tomorrow) for any news announcement?

also you guys are making this too complicated.

mon: no bailout, market tanked
tues: bailout looks very likely to get passed again, market rallied on expectation
rest of this week:
1) bailout fails again: market gaps down once more
2) bailout passes and inline with expectation: market rallies back to 1200s
3) bailout passes and not what market wants: market sideway/falls a bit

that's it. I will say it again all those resistence levels are useless THIS WEEK, how many resistence did we blow through today? how many support did we gap pass yesterday?

and each time it goes lower another credit swap hedge fund is out of business,sort of like hedge fund sniping,ppt in reverse,and we'll save 700 billion

 

[newguy05]

Quote from pulsescan:

CNBC just reported that this is true. Tomorrow will be it.
However the vote is on Thursday evening.

cnn just broke this: "The Senate plans to vote on the $700 billion financial rescue bill Wednesday evening -- two days after the House voted it down."

tomorrow will be interesting, you have:

1) today we had a big up move, so market will probably selloff due to profit taking/unloading going into the evening vote

vs

2) market will load up more with expectation the vote get passed.

I think 1) is more likely but to be honest noone knows. The play will be AFTER the vote, if we have 1) then expect another rally after vote is passed. If we have 2) then expect a sideway/down day after vote is passed (sell the news).

 

[Spectre2007]

...sell sell sell

oh yeah the kitchen sink too.

 

[Decel]

Quote from Spectre2007:

...sell sell sell

oh yeah the kitchen sink too.

Your chart shows positive... Am I missing something or are you sarcastic?

 

[GTS]

Quote from newguy05:

cnn just broke this: "The Senate plans to vote on the $700 billion financial rescue bill Wednesday evening -- two days after the House voted it down."

tomorrow will be interesting, you have:

1) today we had a big up move, so market will probably selloff due to profit taking/unloading going into the evening vote

vs

2) market will load up more with expectation the vote get passed.

I think 1) is more likely but to be honest noone knows. The play will be AFTER the vote, if we have 1) then expect another rally after vote is passed. If we have 2) then expect a sideway/down day after vote is passed (sell the news).

Doesn't matter until the house votes (noon Thursday at the earliest)...the Senate was always expected to pass it so I wouldn't count on a big response to that.

 

[jsmooth]

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How the hell do you spooz days traders even survive with all these 5-10 point spreads (and 1-2 point spreads during lower volume times of the day), and paper is still willing to just hit the bid with size on the big SP contract??? Anyone trade the big contract or trade on the floor...I'm assuming its just a bloodbath down there....is the liquidity any better in the ES?

 

[pclark]

Quote from Specterx:

??? Yesterday there was a ~100pt range and today a 50pt range. Not much action?

I have been trying for 2-3 points and I guess maybe what I meant for me at least it seems like you don't get the larger swings till a little later on in the day and the swings are what help me. I've still got a lot to learn.

Paul

 

[Sniemiec]

Quote from jsmooth:

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How the hell do you spooz days traders even survive with all these 5-10 point spreads (and 1-2 point spreads during lower volume times of the day), and paper is still willing to just hit the bid with size on the big SP contract??? Anyone trade the big contract or trade on the floor...I'm assuming its just a bloodbath down there....is the liquidity any better in the ES?

What is meant by 'paper'?